Articles
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1 week ago |
bloomberg.com | Sotiris Nikas
(Bloomberg) -- European Central Bank Governing Council member Yannis Stournaras says it seems the euro area has reached an equilibrium when it comes to inflation, banking-sector developments and economic growth. “It seems we have reached inflation of 2%, interest rates of 2% so the central bank’s real rate is zero,” Stournaras says in transcript of interview with Greek state TV on Monday“We are at a first point of equilibrium.
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1 week ago |
bloomberg.com | Sotiris Nikas
Greece’s Hellenic Defense systems and Czechoslovak Group AS have agreed to jointly produce ammunition, in a bid to bolster Europe’s weapons capabilities. “CSG will invest some €50 million ($57.9 million) and Hellenic Defense Systems will participate by allowing the use of its infrastructure in Lavrio,” Christoforos Boutsikakis, the chief executive officer of the Greek defense company said in an interview.
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4 weeks ago |
news.bloomberglaw.com | Sotiris Nikas |Sonia Sirletti
UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.
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4 weeks ago |
bloomberg.com | Sotiris Nikas |Sonia Sirletti
An Alpha Bank branch in Athens. (Bloomberg) -- UniCredit SpA paid slightly more than €600 million ($677 million) to double its stake in Greece’s Alpha Services and Holdings SA, according to people familiar with the matter. The Italian lender announced Wednesday that it bought a stake of around 9.7% in the Greek bank, bringing its total holding to nearly 20%. The transaction cost around €615 million, the people said, requesting anonymity as the details of the deal are not public.
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1 month ago |
news.bloomberglaw.com | Sonia Sirletti |Sotiris Nikas
After seeing two unsolicited deals in a year stalled by unwilling targets and angry governments, UniCredit SpA Chief Executive Officer Andrea Orcel is finally getting a warmer reception. The Italian lender on Wednesday announced that it has doubled its stake in Greece’s Alpha Services and Holdings SA to about 20% and will seek regulatory permission to take its share ownership to just under 30%.
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Greek banks plan to reduce their deferred tax credits faster than originally scheduled in an effort to improve their capital mix https://t.co/CKGoN4AXfa μέσω του χρήστη @business, @NikasSotiris
RT @ZSchneeweiss: Greece aims to slash debt to the lowest level since 2009 within four years https://t.co/mkzvxcGEI9 via @NikasSotiris http…
Greece plans to make it easier for Turkish citizens to visit some of the Aegean islands for a limited period of time by granting them a temporary visa, sources say https://t.co/HjKZkJ14CF μέσω του χρήστη @bpolitics, @SelcanHacaoglu